Do you still remembered that we have been recommending to buy this stock when it broke $2? In our latest article, we did mention that Osim most likely will be travelling in the range of $2.20-$2.30. Indeed recently, it touched $2.33 before retracing to $2.21, then it moves to $2.34 before dropping today to end at $2.22.
The last article we mentioned about this stock, we did mention this:
"These few days we predict it should be travelling in between $2.20-$2.30. Technically it has a strong support at $2.10"
http://www.danielloh.com/2013/11/good-fundamental-earnings-from-osim.html
$2.20 to $2.30 is really a tricky zone for this stock.
Mid term wise (3months), we think you may accumulate the stock at $2.10 should it fall to that price! We are still bullish about this stock.
Good Target price to buy: $2.13 (mid position size)
Best Target price to buy: $2.03 (may open Bigger position size)
Mid term target: $2.47
Rgds
Daniel
www.danielloh.com
